By Rob Cox
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
The following is a fictional letter that could be circulated in the corridors of K Street, the canyons of Wall Street and the hedgerows of the Hamptons this summer:
From the desk of Rick Rooter, Executive Placement Specialist
Dear Sirs and Madams:
I am writing to you as the exclusive agent for a former high-ranking member of the House of Representatives who will soon be eligible for employment by your organization. My client has asked to remain anonymous until he has cleared all remaining business with the current Congress, though the following will provide you with sufficient information based on his voting record, extensive legislative experience and public statements to assist with your consideration of his candidacy as a senior adviser to your business, both in counseling executives on important public policy matters and engaging with your clients on the same.
In the first instance, my client is particularly well suited for Wall Street despite never having worked directly in the financial industry. As you shall see, though, his qualifications extend far beyond banking, with a deep record of defending the interests of the food, restaurant and tobacco industries, and other major employers of import to the United States economy.
The aforementioned candidate fought hard in the legislative trenches against the bureaucratic forces threatening the lifeblood of American capitalism. He was a staunch opponent of the onerous Dodd-Frank Wall Street Reform and Consumer Protection Act, a proposal opposed by institutions large and small, and their respective trade associations. Ahead of the legislation’s passage just over four years ago, the candidate called the legislation “a clear attack on capital formation in America.”